517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
517 W 42nd, Los Angeles, CA 90037
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,149,000
Est. payment /mo
4,800 Sqft Lot
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26183901

HOA Y/N No

Year Built 1924

Lot Size 4,800 Sqft

Property Sub-Type Apartment

Property Description

NEW PRICE — $1,149,000. 517 W 42nd Place is a renovated six-unit multifamily property located just south of USC and Exposition Park. At the new pricing, the property generates approximately $113,618 in current gross scheduled income, producing a 6.02% current cap rate and 10.14 GRM, with approximately 6.2% additional rent upside. Renovated in 2020 with updated kitchens, bathrooms, flooring, interiors, and exterior improvements. The unit mix consists of four 1BR/1BA units and two studios across two buildings, including two larger townhouse-style one-bedroom units in the rear structure. Recent property cleanup includes repaired perimeter fencing and refreshed common areas. $191,500/unit. OM, rent roll, and financials available upon request. Contact listing broker for showing instructions.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Sidewalks, Urban

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5019015012

Energy Description 2000.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Alexandro Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702

NEARBY SCHOOL & BUSINESS

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